The 1371 Days of QE (E1325)
In this episode of the Keiser Report, Max and Stacy discuss the more than seven thousand euros per citizen of the EU created out of thin air by the ECB in its 1371 days of Quantitative Easing. Unless each citizen received the equivalent in asset price gains or cash, they have been robbed through inflation. They look at the conversation Stacy had online with an academic and a central banker about this very inflation. The academic couldn’t see inflation anywhere, whilst the central banker admitted that the point of QE was, indeed, to “cause” asset price inflation – i.e. house prices and stock markets. In the second half, Max interviews Professor Steve Keen, author of “Debunking Economics”, about the great unraveling of the Australian property market. Is it real this time? And what sort of government and central bank measures will be thrown at it to reflate the bubble?
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